Samsung Electronics HQ was raided over the Choi Soon-sil scandal on Tuesday, November 7. Prosecutors raided the offices in charge of external affairs in southern Seoul. This is in relevance to the Choi Soon-sil scandal that has been rocking the country today.

Pierre & Vacances, a European tourism giant considers Busan for a new business opportunity. According to a reliable source, the said French company is currently eyeing Korea's southern coastal city of Busan for a property development project. The said company was all praises for Busan, said the source, during a recent roundtable meeting with the city's government officials. Busan holds a lot of potential in terms of tourism, said the company. The company even asked the officials to help them find financial investors for the upcoming project.

The Seoul International Women's Association (SIWA) will hold its annual charity bazaar this November 14, 2016, at the Lotte Hotel in downtown Seoul. The official announcement that SIWA to raise funds through annual charity bazaar was made on Wednesday, November 2, by the association.

Lee Jae Yong joins Samsung board. The heir to Korea's top electronics company was officially appointed as a member of the company's Board of Directors. The appointment of Lee Jae Yong was approved by the company's shareholders as Samsung Electronics reported. The appointment happened in an extraordinary general meeting held at the company's Seocho office building in Seoul last Thursday, October 27, 2016.

Samsung Electronics Co. announced that its third-quarter operating income dropped to 29.6 percent from the previous year. One of the contributors to this plunge is believed to be discontinuation of the production of the Galaxy Note7 over safety concerns.

South Korea's lone power distributor, the Korea Electric Power Corporation (KEPCO), will hold an international energy exhibition in November in the city of Gwangju. The event will highlight modern electricity technology and discuss more extensive cooperation with other countries in the field of energy, a report from the Korea JoongAng Daily stated.

Hyundai Motors finally unveiled to the public the new image of their flagship model, Grandeur. After six years of design modification, the nation's largest automaker is very proud to present Hyundai Motor's new Grandeur Sedan which is set to hit the market next month.

Samsung Electronics is offering 50 percent discounts to previous Galaxy Note7 users who replaced their units to the Galaxy S7 smartphone or Galaxy S7 Edge, and who are also planning to upgrade their devices to the upcoming S8 or Note8 in 2017.

On Monday, October 24, 2016, Hyundai Heavy Industries closed a multi-billion deal from the Philippines. Hyundai Heavy Industries (HHI) announced on Monday that they were able to win a 370 billion won, or $322 million US dollars, contract to build two 2,600-ton frigates for the said Southeast Asian country.

Samsung, one of South Korea’s largest companies, is making consumers furious as they refuse to pay for Note 7 fire damage. Hearing that Samsung refuse to pay for Note 7 fire damage, consumers are simply devastated.

On Friday evening, Hyundai Motor and its labor union ended a five-month negotiation over raises with 63 percent of an estimated 5,000 union members voting in favor of the provisionary deal, Korea JoongAng Daily reported.

On Friday, Samsung Electronics admitted that ending the production of the Galaxy Note7 smartphone would possibly hurt the company's operating profit by additional $3.1 billion in the next two quarters.

It is now more common to see customers who pay using mobile payment apps instead of getting their wallets to pay for coffee at a cafe or pay for their bus fare. A study revealed the reasons as well as some pertinent information regarding the rise of such payment alternatives.